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Okomu Oil Palm
On this page
Company details
- Legal name
- The Okomu Oil Palm Company Plc
- Listing
- OKOMUOIL on the Nigerian Exchange, active · ISIN NGOKOMUOIL00 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · audited financial statements, signed / final · source
-
Revenue
NGN 198 billion
198,152,877 NGN thousands · p37
+52.2% vs 2024
-
Operating profit / (loss)
Not reported in this filing
-
Profit / (loss) for the year
NGN 58.0 billion
57,951,715 NGN thousands · p37
+45.0% vs 2024
-
Total assets
NGN 139 billion
138,852,944 NGN thousands · p38
+18.6% vs 2024
-
Total equity
NGN 48.8 billion
48,810,108 NGN thousands · p39
−12.0% vs 2024
-
Cash from operations
NGN 99.1 billion
99,102,059 NGN thousands · p41
+93.2% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Revenue from contracts with customers | 198,152,877 | 130,210,665 |
| Other income | 12,577,626 | 15,336,034 |
| Raw materials and consumables used1 | (29,577,190) | (22,669,320) |
| Employee benefits expense | (31,031,253) | (26,166,161) |
| Depreciation expense | (21,904,926) | (9,661,183) |
| Finance costs | (4,618,445) | (4,598,986) |
| Finance income | 4,543 | 5,287 |
| Other expenses | (34,732,393) | (29,233,934) |
| Fair value gain on biological asset2 | 1,775,816 | 333,056 |
| Profit before taxation | 90,646,654 | 53,555,458 |
| Income tax expense | (32,694,939) | (13,597,712) |
| Profit for the year | 57,951,715 | 39,957,746 |
| Remeasurement loss on defined benefit plan3 | (2,517,943) | (657,344) |
| Deferred tax effect4 | 856,101 | 197,203 |
| Other comprehensive loss for the year (net of tax) | (1,661,842) | (460,141) |
| Total comprehensive income for the year | 56,289,873 | 39,497,605 |
Notes and alternative reported figures (4)
- “Raw materials and consumables used” is an issuer-specific line, not mapped to a shared definition: Note 11 (expenses by nature).
- “Fair value gain on biological asset” is an issuer-specific line, not mapped to a shared definition: Note 22.2.
- “Remeasurement loss on defined benefit plan” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 34.2).
- “Deferred tax effect” is an issuer-specific line, not mapped to a shared definition: Tax on OCI items (note 18.1).
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 61,871,770 | 48,248,391 |
| Bearer plant1 | 23,218,961 | 19,519,533 |
| Right-of-use asset | 11,938,110 | 9,223,975 |
| Total non-current assets | 97,028,841 | 76,991,899 |
| Inventories | 18,319,796 | 11,966,783 |
| Biological assets2 | 5,195,434 | 1,793,158 |
| Trade and other receivables | 3,592,716 | 3,121,109 |
| Prepayment and other assets3 | 1,769,676 | 5,830,085 |
| Cash and bank balance | 12,946,481 | 17,334,904 |
| Total current assets | 41,824,103 | 40,046,039 |
| Total assets | 138,852,944 | 117,037,938 |
| Share capital | 476,955 | 476,955 |
| Share premium (read by position) | 1,867,096 | 1,867,096 |
| Retained earnings | 48,950,865 | 53,957,210 |
| Other reserves | (2,484,808) | (822,966) |
| Total equity | 48,810,108 | 55,478,295 |
| Lease liabilities | 5,362,980 | 8,332,891 |
| Interest-bearing loans and borrowings | 4,626,943 | 6,391,411 |
| Post-employment benefits obligations4 | 5,383,869 | 2,834,962 |
| Government grants5 | 392,099 | 734,853 |
| Deferred tax liability | 17,050,321 | 13,023,744 |
| Total non-current liabilities | 32,816,212 | 31,317,861 |
| Trade and other payables | 14,569,335 | 10,368,540 |
| Lease liabilities | 12,915,045 | 4,130,691 |
| Interest-bearing loans and borrowings. | 1,793,027 | 1,540,744 |
| Government grants5 | 427,766 | 530,395 |
| Income tax payable | 27,521,451 | 13,671,412 |
| Total current liabilities | 57,226,624 | 30,241,782 |
| Total liabilities | 90,042,836 | 61,559,643 |
| Total equity and liabilities | 138,852,944 | 117,037,938 |
Notes and alternative reported figures (5)
- “Bearer plant” is an issuer-specific line, not mapped to a shared definition: Note 21.
- “Biological assets” is an issuer-specific line, not mapped to a shared definition: Note 22: produce growing on bearer plants, at fair value.
- “Prepayment and other assets” is an issuer-specific line, not mapped to a shared definition: Note 27.
- “Post-employment benefits obligations” is an issuer-specific line, not mapped to a shared definition: Note 34 (non-current).
- “Government grants” is an issuer-specific line, not mapped to a shared definition: Note 36.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations (unlabelled subtotal) | 113,660,028 | 63,168,893 |
| Retirement benefit paid1 | (595,747) | (488,327) |
| Income tax paid | (13,962,222) | (11,386,091) |
| Net cash flows from operating activities | 99,102,059 | 51,294,475 |
| Additions to bearer plants2 | (4,762,227) | (2,970,110) |
| Proceeds from sale of property, plant and equipment | 2,000 | 78,069 |
| Purchase of property, plant and equipment | (18,329,281) | (10,269,214) |
| Finance income3 | 4,543 | 5,287 |
| Net cash flows used in investing activities | (23,084,965) | (13,155,968) |
| Payment of principal on borrowings | (1,937,874) | (1,948,125) |
| Payment of principal on lease liabilities | (13,060,702) | (3,577,800) |
| Payment of interest on lease liabilities | (3,517,590) | (2,522,887) |
| Dividend paid | (62,958,060) | (22,893,840) |
| Interest paid | (675,165) | (831,337) |
| Net cash flows used in financing activities | (82,149,391) | (31,773,989) |
| Net (decrease)/increase in cash and cash equivalents | (6,132,298) | 6,364,518 |
| Net foreign exchange difference | 1,743,875 | 2,519,451 |
| Cash and cash equivalents at 1 January | 17,334,904 | 8,450,935 |
| Cash and cash equivalents at 31 December | 12,946,481 | 17,334,904 |
Notes and alternative reported figures (3)
- “Retirement benefit paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 34.2).
- “Additions to bearer plants” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 21).
- “Finance income”: mapping to a shared definition is uncertain. 'Finance income' received, presented in investing activities.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividend paid |
(62,958,060) | NGN thousands | Audited financial statements, p41 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
(22,893,840) | NGN thousands | Audited financial statements, p41 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
The Okomu Oil Palm Company Plc Annual Report and Financial Statements for the year ended 31 December 2025
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: Ernst & Young, unmodified opinion · signed
Auditor's sign-off: Williams I. Erimona, FCA, FRC/2013/PRO/ICAN/004/00000002190, for Ernst & Young
Final status: Independent auditor's report to the members (opinion PDF p32, scanned) signed (handwritten) by Williams I. Erimona, FCA (FRC/2013/PRO/ICAN/004/00000002190) for Ernst & Young, Lagos, dated '27' (handwritten) March 2026, with the ICAN seal (PDF p36, page image). Statements approved by the board on '27' (handwritten) March 2026 and signed (handwritten) by the chairman (Mr. G. Oyetode MFR), the managing director (Graham Hefer) and the finance director (Khalil Korim) (PDF p39, page image).
- Document date
- 27 Mar 2026
- Auditor's report
- 27 Mar 2026
- Board approval
- 27 Mar 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · NGN thousands (printed “₦'000”)
- Key audit matter: valuation of biological assets (NGN5.195 billion; 2024: NGN1.793 billion) (PDF p33).
- Expenses are presented by nature; no gross profit or operating profit is printed (p37). The auditor's report (pp32-36) and the equity-and-liabilities page of the statement of financial position (p39) are scanned pages without a text layer.
- Finance income is presented in investing activities; interest paid and lease interest in financing activities (p41).
Technical details
- File
- 99 pages, with a text layer
- SHA-256
c56f929fdcf23b079a4ea8387d17f52dcc38bc9ffabd65313c7444f6c646e9d7- Entity as printed
- The Okomu Oil Palm Company Plc ('the Company')
- Exchange copy
- retrieved 2026-10-08T17:56:16Z
Data notes
- Income tax payable — OCR read '133671,412'; the page image shows '13,671,412'. OCR reads the 2024 income tax payable as '133671,412'; the page image prints 13,671,412. (The Okomu Oil Palm Company Plc Annual Report and Financial Statements for the year ended 31 December 2025, p39)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.